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Nationwide mortgage adverse credit

Hello,

Has anyone had any experience recieving a mortgage offer from Nationwide with adverse credit recently? Found some older posts with mixed reviews.

We have had a DIP accepted with a satisfied CCJ that's nearly 3 year old and a satisfied default that's nearly 6 year old, both the same debt.

Thank you

Comments

  • ACG
    ACG Posts: 25,094
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    I have a few, to be honest it is pretty much 50/50 on whether they were accepted or not. It really does come down to the finer details with them.

    It took me a few attempts to start finding where the cross over point was for them to start accepting them.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Sh0w
    Sh0w Posts: 4 Newbie
    Thank you ACG, any success with a ccj? the amount was relatively small £396 for telecommunications default, had a clean history ever since
  • amnblog
    amnblog Posts: 12,791
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Not my choice for a broad view on underwriting generally but you don't know until you try.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • ACG
    ACG Posts: 25,094
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Forumite
    There are a couple of lenders that may accept it. But it all comes down to the specifics. I have had people 3 years out of an IVA accepted with Nationwide, but then people with a £500 default declined...

    The devil is in the detail.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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